Engelbert Lütke Daldrup, boss of Berlin’s perennially unfinished airport BER, seeks to relax technical standards laid down by the TÜV testing organization to ensure the facility opens in October 2020. (RBB)
VW confirmed it was considering expanding its cooperation with Ford beyond the field of light commercial vehicles, without giving details. Handelsblatt reported two weeks ago the partnership could include electric and self-driving cars.
VW raised its investment budget for electric cars, self-driving technologies and new mobility services to €44 billion over the next five years to 2023, from €34 billion announced last year. The latter plan was for the years 2018-2022.
VW Group CEO Herbert Diess will also become head of the carmaker’s Chinese operations when current country boss Jochem Heizmann retires in January. Diess wants to take control of the business in China because it generates the most profit.
SAP defended its $8-billion purchase of Qualtrics, saying the US software company was a good fit and its technology offered broad application.
Berlin asked for the removal of three judges presiding over a €4.4 billion claim from Swedish utility Vattenfall, which is demanding compensation for Germany’s 2011 decision to shut down nuclear power plants. If successful, the case will face years of delay as the new judges read up on the matter.
German telecoms operators will not have to provide a nationwide high-speed 5G cellphone network, but can gradually build up a grid, the federal telecoms authority decided. The firms will, however, have to reduce the number of dead zones for G4 reception.
Schenker, Deutsche Bahn’s logistics arm, will overhaul its board, nominating the American Xavier Garijo, Dutchman Christian Drenthen and sea-freight expert Thorsten Meincke as new executives. Ewald Kaiser, in charge of freight management, will resign, but the CEO and three others will keep their jobs.
Ford is open to investors in its self-driving car business, but expanding a partnership with VW would be a “delicate dance,” Ford boss Jim Hackett said. The carmakers agreed in June to jointly develop light commercial vehicles, such as pickups. (Reuters)
More than 30 international companies, from Allianz to BlackRock to Calpers, have agreed to report additional information about employees, trust and the social value of corporate activities. They want to focus on goals that benefit capitalism and society in the long run, instead of aiming just for short-term profit targets.
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